University of Chicago

Trader Joe’s plans to open a store in the city’s Hyde Park neighborhood this fall, taking space formerly occupied by the now-defunct Treasure Island Foods. It will be Trader Joe’s first location on Chicago’s South Side. The nearest store is in the South Loop neighborhood, on the Near South Side.

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Leased and managed by McCaffery, the mixed-use Harper Court development on 53rd Street is now fully leased! Aaron Bartels, executive director of UChicago’s Commercial Real Estate Operations group, said, “Harper Court’s 100 percent occupancy is an exciting milestone for our team, and reflects the increasing vibrancy of Hyde Park as a key shopping, dining and cultural destination in Chicago.”

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Through the influence of the University of Chicago, multiple retail additions, and infrastructure upgrades, Hyde Park is increasing its allure for real estate developers and investors.

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Founded in Dexter, Michigan, Jolly Pumpkin Artisan Ales will bring its oak-aged sour ales to a new brewpub near the University of Chicago in 2017. Photo: Irene Sugiura

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Located just six miles south of Downtown Chicago on the southwest shore of Lake Michigan, and home to the University of Chicago and some of the area’s most popular tourist destinations, Hyde Park has been undergoing quite a reinvention, thanks in part to the McCaffery Brokerage Team.